Telephone and Data Systems, Inc. (NYSE:TDS) Shares Sold by First Trust Advisors LP

First Trust Advisors LP reduced its holdings in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 37.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 147,337 shares of the Wireless communications provider's stock after selling 89,458 shares during the period. First Trust Advisors LP owned approximately 0.13% of Telephone and Data Systems worth $5,026,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Independence Bank of Kentucky acquired a new position in shares of Telephone and Data Systems during the 4th quarter worth approximately $41,000. Federated Hermes Inc. bought a new stake in Telephone and Data Systems in the fourth quarter worth approximately $56,000. SBI Securities Co. Ltd. bought a new stake in shares of Telephone and Data Systems during the fourth quarter valued at approximately $74,000. Versant Capital Management Inc boosted its holdings in Telephone and Data Systems by 14.5% during the 4th quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider's stock worth $82,000 after acquiring an additional 303 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Telephone and Data Systems by 74.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider's stock worth $92,000 after buying an additional 1,156 shares during the last quarter. Institutional investors own 80.00% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on TDS. JPMorgan Chase & Co. upped their price objective on shares of Telephone and Data Systems from $53.00 to $56.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th. Raymond James restated an "outperform" rating and set a $47.00 target price (down previously from $51.00) on shares of Telephone and Data Systems in a report on Monday.

Telephone and Data Systems Trading Up 1.4 %

Shares of NYSE:TDS traded up $0.47 during trading on Wednesday, hitting $34.50. The company had a trading volume of 1,177,790 shares, compared to its average volume of 1,097,442. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44. The company has a fifty day simple moving average of $36.04 and a two-hundred day simple moving average of $34.70. Telephone and Data Systems, Inc. has a one year low of $15.03 and a one year high of $41.21. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of -6.39 and a beta of 0.57.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last announced its earnings results on Friday, May 2nd. The Wireless communications provider reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.07). Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the company earned $0.10 earnings per share. The company's quarterly revenue was down 8.6% on a year-over-year basis. As a group, equities analysts forecast that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.46%. The ex-dividend date was Monday, March 17th. Telephone and Data Systems's payout ratio is -15.24%.

Telephone and Data Systems Company Profile

Telephone and Data Systems, Inc, a telecommunications company, provides communications services in the United States. It operates through two segments: UScellular and TDS Telecom. The company offers wireless solutions to consumers, and business and government customers, including a suite of connected Internet of things (IoT) solutions, and software applications for monitor and control, business automation/operations, communication, fleet and asset management, smart water solutions, private cellular networks and custom, and end-to-end IoT solutions; wireless priority services and quality priority and preemption options; smartphones and other handsets, tablets, wearables, mobile hotspots, fixed wireless home internet, and IoT devices; and accessories, such as cases, screen protectors, chargers, and memory cards, as well as consumer electronics, including audio, home automation and networking products.